Bitcoin price slips below $80K as ETFs hit 4-month high outflows

Persistent inflation and steady interest rates may shift investor preference towards traditional assets, challenging Bitcoin's inflation hedge status. The post Hot inflation data dims Federal Reserve rate cut prospects, Bitcoin slips 1.2% appeared first on Crypto Briefing.

There are two conditions for a recovery to $82K: exchange netflows returning negative and leveraged long liquidation pressure cooling.

Inflation fears and Fed uncertainty trigger the biggest U.S. Bitcoin ETF outflows since January, snapping weeks of institutional inflows.

While the rest of the industry adds crypto payments as an afterthought, Cloudbet has run on Bitcoin since 2013 — and its growing library of provably fair Originals is what that actually looks like in practic

Persistent inflation pressures may lead to prolonged high interest rates, challenging risk assets and potentially slowing economic growth. The post US supercore CPI rises to 3.3% YoY, up from 3.1%, signaling sticky inflation ahead appeared first on Crypto Briefing.

U.S. spot Bitcoin ETFs recorded $635 million in total net outflows on May 13, led by BlackRock’s IBIT. Spot Ethereum ETFs also saw $36.30 million in net outflows, with BlackRock’s ETHA posting the largest single-day loss. U.S. spot crypto ETFs had a rough session on May 13. Spot Bitcoin funds recorded $635 million in total [...]

Citigroup's strategy highlights growing institutional interest in crypto, signaling potential shifts in financial markets and investment approaches. The post Citigroup boosts Bitcoin exposure with $41.2M in Strategy shares appeared first on Crypto Briefing.

BitGo’s headline revenue figure doubled year-over-year to $3.8 billion, but a Bitcoin price decline and IPO-related costs pushed net losses to $60.7 million in the first quarter.